The plan's approval paves the way for a five-newbuilding acquisition from the New York-listed owner's sponsor and general partner, Evangelos Marinakis-controlled Capital Maritime & Trading.
Holders of 51.7% of Capital Products Partners' common units approved the changes to the incentive distribution rights (IDRs) structure, which will have the effect of boosting Capital Maritime's share of distributions, or dividends, beyond its 2% general partner split. It
